{"id":777018055,"date":"2024-08-12T09:09:14","date_gmt":"2024-08-12T12:09:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018055"},"modified":"2026-04-22T07:15:04","modified_gmt":"2026-04-22T10:15:04","slug":"pagcor-posts-ggr-of-us1-56bn-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-posts-ggr-of-us1-56bn-for-q2","title":{"rendered":"PAGCOR posts GGR of US$1.56bn for Q2"},"content":{"rendered":"\n<p>Gross gaming revenue was up 32.32 per cent\u00a0when\u00a0compared to last year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has reported that gross gaming revenue for the second quarter of the year reached PHP89.23bn (US$1.56bn). That&#8217;s a rise of 32.32 per cent year-over-year and <a href=\"https:\/\/focusgn.com\/asia-pacific\/e-games-revenue-pushes-philippines-ggr-to-a-new-high-for-q1\" target=\"_blank\" rel=\"noreferrer noopener\">9.21 per cent sequentially<\/a>.<\/p>\n\n\n\n<p>According to the regulator, the largest growth was seen in the eGames sector, where revenue rose by 525 per cent year-over-year to PHP30.85bn (US$538.66m). PAGCOR chairman and CEO Alejandro H. Tengco said the sector &#8220;continues to surpass targets and should help cover up for any shortfall&#8221; resulting from the ban on offshore gaming operations by the end of the year.<\/p>\n\n\n\n<p>Private casino resorts, including those\u00a0located\u00a0in\u00a0Manila\u2019s\u00a0Entertainment City, continue to be the\u00a0biggest\u00a0contributors generating PHP49.48bn (US$863.95m). Revenue from PAGCOR-operated casinos reached PHP4.20bn (US$73.33m), down 14.8 per cent from a year earlier and 10.41 sequentially. Bingo revenue was also down at PHP4.69bn (US$81.89m).<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/philippine-deputy-proposes-regulation-of-e-sabong\" rel=\"noreferrer noopener\">Philippine deputy proposes regulation of e-sabong<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gross gaming revenue was up 32.32 per cent\u00a0when\u00a0compared to last year.<\/p>\n","protected":false},"author":176,"featured_media":777008355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Amusement and Gaming Corporation (PAGCOR) reported a robust 32.32% year-over-year increase in Q2 GGR, reaching PHP89.23bn, primarily driven by a 525% surge in the eGames sector. This growth is anticipated to offset potential revenue shortfalls from the impending ban on offshore gaming operations, despite declines in PAGCOR-operated casinos and bingo verticals. Private casino resorts remain the largest GGR contributors.","focusai_entities":"PAGCOR, Philippine Amusement and Gaming Corporation, Alejandro H. Tengco","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.75), operator_casino (0.9), affiliate_publisher (0.7), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"eGames Growth Sustainability?","query":"What specific regulatory or market factors are underpinning the exceptional 525% year-over-year growth in the eGames sector, and is this trajectory sustainable given the broader regulatory landscape and governance frameworks?"},{"label":"Offshore Ban Impact?","query":"How will the complete ban on offshore gaming operations by year-end quantitatively impact PAGCOR's overall revenue projections and the competitive dynamics within the Philippine iGaming market, particularly for B2C operators?"}],"footnotes":""},"categories":[163,16333],"tags":[405],"class_list":["post-777018055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777018055"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018055\/revisions"}],"predecessor-version":[{"id":777018086,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018055\/revisions\/777018086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777008355"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}